Japanese Finance Minister Warns on Rising Yen

By

Takashi Nakamichi

June 8, 2011

TOKYO—Japan's finance minister said Tuesday he will "closely watch" the currency market, issuing a fresh warning against speculative yen-buying after the Japanese currency rose to a one-month high against the dollar overnight, a troubling development for the nation's quake-hit exporters.

The U.S. currency touched ¥79.97 overnight in London trading hours, the lowest since May 5, hurt by a recent series of poor U.S....